Goldman plans 7.35% five-year contingent income autocalls on indexes

By Susanna Moon

Chicago, July 18 – GS Finance Corp. plans to price contingent income autocallable securities due Aug. 3, 2023 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate 7.35% if each index closes at or above its 70% coupon threshold on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any call review date after six months.

The payout at maturity will be par unless any index closes below its 60% downside threshold, in which case investors will be fully exposed to any losses of the worst performing index.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on July 31.

The Cusip number is 40055QMV1.

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